This property looks like a bad Mid-Term investment with a projected -4.41% first-year return on $88,224 initial cash invested.
-4.41%
Cash On Cash
5.67%
Cap Rate
0.88
DSCR
$2,589
Rent
-$324
Cashflow
Cash Flow
$2,589 income − $2,913 expenses = $324 out of pocket
Investment Breakdown
|
Purchase Price
$334k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,224
Downpayment
20%
$66,880
Closing costs
1%
$3,344
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,589
Total Expenses
$2,913
Mortgage P&I
69%
$1,799
Property Taxes
4%
$113
Home Insurance
5%
$119
HOA
0%
$0
Property Management
12%
$311
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$285